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Feb 6, 2013
02/13
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. >> sreenivasan: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those samfactors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservate party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people shoul
. >> sreenivasan: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those samfactors may also hold back economic growth. personal computer maker dell has...
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. >> sreenivasan: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people s
. >> sreenivasan: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has...
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Feb 5, 2013
02/13
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KRCB
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they come to school with some really heart-breaking deficits in their academic skills. on average a fifth grader comes to our school at least two or three grade levels behind. >> reporter: these kinds of educational deficits have caused lingering problems for a city where one-third of all students fail to graduate on time. >> we have to make sure that we are... >> reporter: that has led to a concentrated effort by bridgeport academy middle school. like all our achievement first schools to place and keep great teachers in the classroom. in order to identify who those great teachers are, acevement first ceo says the organization has developed a comprehensive checklist to evaluate its teachers. >> in the past teacher evaluation has focused on observations which at their worst become staged dog and pony show experiences that don't actually tell you a lot about teachers' effectiveness or more importantly how they need to improve. >> i want us now to walk quickly through the school work for the whole observation. >> reporter: at this school teacher observations are detailed b
they come to school with some really heart-breaking deficits in their academic skills. on average a fifth grader comes to our school at least two or three grade levels behind. >> reporter: these kinds of educational deficits have caused lingering problems for a city where one-third of all students fail to graduate on time. >> we have to make sure that we are... >> reporter: that has led to a concentrated effort by bridgeport academy middle school. like all our achievement...
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Feb 12, 2013
02/13
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WBFF
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city in financial crisiss four things the mayor saas she'll do to dg baltimore out from its mmssiie deficit. 3 and.. there's a one in fivee ccancc yur credit report contaans a maaor mistake.what - youucan do toddy to clean it & up. 3 3 &p 3 3 tuesday, febbuary 12tt -3 3 3 33 3 &&p3 baltimore city police mmae aa aarest after a wooan is found & deed in a house fire.police & say she was murdered. &pmurdeeed.meggn gilliland ii live from the sceeeein laaest on the susppcted killer and how hee llegedly knew is &ppvctim. -3 3 good mornnng guyswe re ive 33 avenne.inside this charred -3 home... police madeea grueeome discovery... finding the body of ennifer conners..hey & believe shh was killed at the carrer.police say the two met on an online ddaing weesite - v outreach worker withh hhe cciy's health departmenn. but & her accused iller... was a pan with a criminal history... that according to online courtt records, includes burglary, &pdrug and theft charges. &p3 (guglielmi) "i meen, i oo't but aa aaimal behiid foo.. an absolutely eeregious murder oo &psomeooe who dedicateddher life - to helping ot
city in financial crisiss four things the mayor saas she'll do to dg baltimore out from its mmssiie deficit. 3 and.. there's a one in fivee ccancc yur credit report contaans a maaor mistake.what - youucan do toddy to clean it & up. 3 3 &p 3 3 tuesday, febbuary 12tt -3 3 3 33 3 &&p3 baltimore city police mmae aa aarest after a wooan is found & deed in a house fire.police & say she was murdered. &pmurdeeed.meggn gilliland ii live from the sceeeein laaest on the...
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Feb 10, 2013
02/13
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KGO
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reform, deficit reduction. these across-the-board cuts is not going to get us there because it's going to strangle our economy, slow growth which will increase the deficit and -- the choices that people are making here are across-the-board cuts, which could be 10,000 teachers or asking oil companies to pay their fair share. that's what -- >> the victims of the sequester, it's so funny to hear democrats cry about the sequester. democrats control the executive branch, they control the senate and they're in a position to negotiate with republicans who have put out two packages of alternative cuts so -- >> take those -- >> well -- >> -- in the senate in response. that's not take it or leave it. that's like the process. they haven't been able to pass anything, the president hasn't proposed anything with three weeks away. we acted in may of last year. we acted again in december. >> senator reid is not saying he will pass a budget out of the senate this year. but i want to bring this back to jon karl because when you
reform, deficit reduction. these across-the-board cuts is not going to get us there because it's going to strangle our economy, slow growth which will increase the deficit and -- the choices that people are making here are across-the-board cuts, which could be 10,000 teachers or asking oil companies to pay their fair share. that's what -- >> the victims of the sequester, it's so funny to hear democrats cry about the sequester. democrats control the executive branch, they control the...
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Feb 12, 2013
02/13
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FBC
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the united states report it a total trade deficit of just about $728 billion. that's a trillion dollars wing. -kendis is without any question. a trillion dollars wing. china also posted an over 8% increase in its gdp in the latest quarter compared to our stunning decline. it's unimaginable the thing that that growth rate feels light -- china's latest unemployment rate , unemployment, unemployment rate of 4%. and china's government debt, yes, they have a debt. ours is a 16 and a half trillion dollars in debt. but you know what, i can't believe that the chinese feel a little bit better about tears because are going to add another trillion dollars hours. meanwhile, the united states those china almost 2 trillion. there is no counterweight. it's a little problem for us to know what is after all the communist nation almost $2 trillion we are big shot capitalists. what is wrong? we are going to be talking about that very issue throughout the week, looking at how the united states model comparison europe's model. is the communist model any more sustainable? if no one
the united states report it a total trade deficit of just about $728 billion. that's a trillion dollars wing. -kendis is without any question. a trillion dollars wing. china also posted an over 8% increase in its gdp in the latest quarter compared to our stunning decline. it's unimaginable the thing that that growth rate feels light -- china's latest unemployment rate , unemployment, unemployment rate of 4%. and china's government debt, yes, they have a debt. ours is a 16 and a half trillion...
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Feb 6, 2013
02/13
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MSNBC
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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Feb 10, 2013
02/13
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FOXNEWSW
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that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than offset the defense cuts that would be devastating. >> bill wants the president to bail out republicans who made the sequestration deal. >> i want the president to bail out the military. >> but he wants to. >> he is commander in chief. maybe you are not aware of that. >> he is saying let's have a temporary deal to avoid sequestration and republicans are saying no, we have got to protect the rich oil companies and gas companies and we can't do it. >> chris: i will call a little bit of a change here and congressman cotton i want to
that is 4% of the deficit. we will endanger the national defenses and short change the service men and women overseas for the sake of cutting 4% from the deficit? it is totally irresponsible. >> bill is right that you captain have massive tax reform in just 60 days. it took ronald reagan and tip o'neill and bill bradley a bipartisan bill in 1986, 20 montes to do it. there is things like nascar track owners and wind energy producer and port rehe can rum manufacturers that would more than...
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Feb 5, 2013
02/13
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FOXNEWS
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under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next ten years u.s. debt will increase $10 trillion from a little more than 16 trillion-dollar now to more than $26 trillion in 2023. >> you can't raise enough tax to say pay for this problem. you won't grow fast enough to get rid of this problem. you ultimately have to deal with spending. >> after 2023, the debt begins to soar. >> after that it's going to grow and reach the trillion and go beyond the trillion. so at no point in the foreseeable future is the deficit going to come down to manageable level. >> noting repeatedly high debts are bad and dangerous as he put
under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of the lawns major presidential campaign vows none of which they say came true. but what that. the value added tax increase is i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to reminded president do you remember you promised to review the european treaty you didn't do that here in germany said a three percent deficit isn't real but now only say it's possible etc etc you can't not do what you promise
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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Feb 6, 2013
02/13
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WMAR
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of the report shows the city will accumulate a $745 million budget deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawltings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> thousands of people are celebrating the raven's super bowl win, violence hit the streets of baltimore. just two ploks from pratt street, police say a fight led to a triple stabbing and that a teenager is dead. this happened around 1:30 yesterday afternoon at the corner of howard and fayette. the teens were between the ages of 15 and 16 years old. one teen is in critical condition, the other is in serious condition. abc 2 news has found a memorial page for one of the teens, that te
of the report shows the city will accumulate a $745 million budget deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia....
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of the lawns major presidential campaign bows none of which they say came true. look what that's. the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the presidents do you remember you promised to review the european treaty you didn't do that here in germany set a three percent deficit isn't real but now only say it's possible etc etc you can't not do what you prom
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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Feb 7, 2013
02/13
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CNBC
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some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." in this half hour, mahmoud ahmadinejad says iran is now a nuclear country. does that mean the rogue regime already has nuclear weapons? we'll get an answer later on. on what would have been president reagan's 102nd birthday, we will honor reagan with a look at many of his messages that resonate today. we have more of
some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their...
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Feb 9, 2013
02/13
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FOXNEWS
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. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all eventually going to have to pay higher taxes, but as the only item in your play book how to fix your economy it doesn't seem like it's ever going to work. >> i keep thinking if taxes are so terrible, why don't we just have no taxes at all. why don't we pay for-- >> 100% taxes. >> why don't we have no taxes at all and why don't you not interrupt me for once? >> i can't help it. >> why don't we have no taxes at all and why don't we have some some balance in the budget. and for gosh sakes, we're grownup disciplined people and we're supposed to balance the budget not supposed to be like small children. >> okay, c
. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all...
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Feb 6, 2013
02/13
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MSNBCW
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we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama impor
we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Feb 10, 2013
02/13
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FOXNEWSW
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the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy. >> how do we get there? you've been in washington, you're an independent. the parties are like this. >> no kidding. >> did you expect it to be that bad? >> i didn't have any illusions but there are a few signs of hope. negotiations on the filibuster rule change. didn't get as much as i want but that's compromise. a bipartisan serious discussion on immigration. i don't think we expected that. let's hope there's positive movement. but yeah, the warfare is still a big part of the deal. >> it's on both sides. the critics accuse of president of my way or the highway yet jo
the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy....
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Feb 6, 2013
02/13
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MSNBC
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...